North America Plastic Strap Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End Use (Fiber, Steel, Cotton, Paper, Bricks & Tiles and Others
NORTH AMERICA PLASTIC STRAP MARKET RD
North America Plastic Strap Market Forecast to 2027 – Covid-19 Impact and Regional Analysis by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End Use (Fiber, Steel, Cotton, Paper, Bricks & Tiles and Others) and Country
Pages: 111
Market Introduction
Plastic strap refers to a widely used packaging material. It is used for various purposes, including strapping and bundling. The plastic strap is less expensive as compared to the steel straps, which makes it more suitable for usage by the industries and customers. High strap tension, good impact resistance, low friction, and no rusk marks on products are some of the common attributes of the plastic strap. The minimum breaking strength is the vital characteristic of the plastic strap. The polypropylene and polyester strap are the most commonly used plastic straps. The choice of correct strapping is highly dependent on the implementation and equipment being used.
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Market Overview and Dynamics
The North America plastic strap market is expected to reach US$ 573.78 Million in 2027 from US$ 1,879.95 Million in 2019. The market is anticipated to grow at a CAGR of 16.2 % from 2020 to 2027. Factors driving the market growth include rising preference for lightweight and low-cost strapping types and growing demand in key markets such as US and Canada. However, environmental pollution and waste management is likely to have a negative impact on the market growth.
Effect of covid-19 on North America Plastic Strap Market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. The US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The polypropylene strap segment accounted for a larger share of the North America plastic strap market, by type, in 2019. The paper segment accounted for a larger share of the North America plastic strap market, by end use, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the North America plastic strap market include Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Polychem Corporation, PAC Strapping Products Inc., Dubose Strapping Inc. and Crown Holdings Inc.
Reasons to buy the report
- To understand the North America plastic strap market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead by comprehending the ever-changing competitive landscape for the plastic strap market
- To efficiently plan M&A and partnership deals in the plastic strap market by identifying market segments with most promising probable sales
- To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the plastic strap market
- To obtain market revenue forecast for market by various segments from 2018 to 2027
North America Plastic Strap Market Segmentation
By Type
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
- Paper Straps
- Composite Straps
- Corded and Woven Straps
By End Use
- Fiber
- Steel
- Cotton
- Paper
- Bricks and Tiles
- Others
Company Profiles
- Teufelberger Stralsund GmbH
- Cyklop International
- FROMM Group
- Polychem Corporation
- PAC Strapping Products Inc.
- Dubose Strapping Inc.
- Crown Holdings Inc.
By Country
- US
- Canada
- Mexico
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Plastic Strap Market – By Type
1.3.2 North America Plastic Strap Market – By End Use
1.3.3 North America Plastic Strap Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
3.1.3 Hypothesis formulation:
3.1.4 Macro-economic factor analysis:
3.1.5 Developing base number:
3.1.6 Data Triangulation:
3.1.7 Country level data:
4. North America Plastic Strap Market Landscape
4.1 Market Overview
4.1.1 North America PEST Analysis
5. North America Plastic Strap Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising preference for lightweight and low-cost strapping Types
5.1.2 Growing demand in Key Markets Such as US and Canada
5.2 Market Restraints
5.2.1 Environmental Pollution and Waste Management
5.3 Market Opportunities
5.3.1 Surging Construction Industry in Developing Countries
5.4 Future Trends
5.4.1 Development of Bio- Based Plastics
5.5 Impact Analysis of Drivers and Restraints
6. Plastic Strap– North America Market Analysis
6.1 North America Plastic Strap Market Overview
6.2 North America: Plastic Strap Market – Revenue, and Forecast to 2027 (US$ Mn)
7. North America Plastic Strap Market Analysis - By Type
7.1 Overview
7.2 Plastic Strap Market Breakdown, By Type, 2019 & 2027
7.3 Polyester Straps
7.3.1 Overview
7.3.2 Polyester Straps: North America Plastic Strap Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Polypropylene Straps
7.4.1 Overview
7.4.2 Polypropylene Straps: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Nylon Straps
7.5.1 Overview
7.5.2 Nylon Straps: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Paper Straps
7.6.1 Overview
7.6.2 Paper Straps: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 Composite Straps
7.7.1 Overview
7.7.2 Composite Straps: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Corded and Woven Straps
7.8.1 Overview
7.8.2 Corded and Woven Straps: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8. North America Plastic Strap Market Analysis – By End Use
8.1 Overview
8.2 North America Plastic Strap Market, By End Use (2019 and 2027)
8.3 Fiber
8.3.1 Overview
8.3.2 Fiber: North America Plastic Strap Market, Revenue Forecast to 2027 (US$ Mn)
8.4 Steel
8.4.1 Overview
8.4.2 Steel: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Cotton
8.5.1 Overview
8.5.2 Cotton: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.6 Paper
8.6.1 Overview
8.6.2 Paper: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.7 Bricks and Tiles
8.7.1 Overview
8.7.2 Bricks and Tiles: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: North America Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
9. North America Plastic Strap Market – Country Analysis
9.1 Overview
9.1.1 North America: Plastic Strap Market – Revenue and Forecast to 2027(US$ Mn)
9.1.2 North America: Plastic Strap Market, by Key Country
9.1.2.1 US: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.2.1.1 US: Plastic Straps Market, by Type
9.1.2.1.2 US: Plastic Straps Market, by End-Use
9.1.2.2 Canada: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.2.2.1 Canada: Plastic Straps Market, by Type
9.1.2.2.2 Canada: Plastic Straps Market, by End-Use
9.1.2.3 Mexico: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.2.3.1 Mexico: Plastic Straps Market, by Type
9.1.2.3.2 Mexico: Plastic Straps Market, by End-Use
10. Impact of COVID-19 Pandemic on North America Plastic Strap Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Cyklop International
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 DuBose Strapping, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 FROMM Group
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Crown Holdings, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 PAC Strapping Products, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Polychem Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 Teufelberger Stralsund GmbH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. North America Plastic Strap Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. US Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. US Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 4. Canada Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 5. Canada Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 6. Mexico Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 7. Mexico Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 8. Glossary of Terms, North America Plastic Strap Market
LIST OF FIGURES
Figure 1. North America Plastic Strap Market Segmentations
Figure 2. North America Plastic Strap Market Segmentation – By Country
Figure 3. North America Plastic Strap Market Overview
Figure 4. North America Plastic Strap Market, Industry Landscape
Figure 5. North America– Pest Analysis
Figure 6. Impact Analysis of Drivers And Restraints
Figure 7. North America: Plastic Strap Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 8. North America: Plastic Strap Market Revenue Share, by Type (2019 and 2027)
Figure 9. Polyester Straps: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 10. Polypropylene Straps: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 11. Nylon Straps: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 12. Paper Straps: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 13. Composite Straps: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 14. Corded and Woven Straps: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 15. North America Plastic Strap Market Revenue Share, by End Use (2019 and 2027)
Figure 16. Fiber: Plastic Strap Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 17. Steel: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 18. Cotton: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 19. Paper: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 20. Bricks and Tiles: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 21. Others: North America Plastic Strap Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 22. North America: Plastic Strap Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 23. North America: Plastic Strap Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. US: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Canada: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Mexico: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Impact of COVID-19 Pandemic In North America Country Market
- Teufelberger Stralsund GmbH
- Cyklop International
- FROMM Group
- Polychem Corporatiion
- PAC Strapping Products Inc.
- Dubose Strapping Inc.
- Crown Holdings Inc
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America plastic strap market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.